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MD HB689
MD HB689Electric Vehicles – Repeal of Excise Tax Credit and Establishment of Rebate Program
summary
Introduced
01/25/2024
01/25/2024
In Committee
04/06/2024
04/06/2024
Crossed Over
03/18/2024
03/18/2024
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
Repealing the electric vehicle excise tax credit; establishing the Electric Vehicle Rebate Program; requiring the Motor Vehicle Administration to establish a website to administer the rebate program; requiring a participating dealer to provide a rebate to an eligible buyer at the time the buyer purchases an eligible vehicle; requiring the Administration to reimburse a dealer for rebates provided by the dealer; providing that the "total purchase price" of the vehicle may not be reduced by the amount of the rebate; etc.
AI Summary
This bill repeals the existing electric vehicle excise tax credit and establishes a new Electric Vehicle Rebate Program. The rebate program will provide a $3,000 rebate for the purchase of a zero-emission plug-in electric drive vehicle or fuel cell electric vehicle, with lower rebate amounts for electric motorcycles and autocycles. The Motor Vehicle Administration will administer the rebate program, including setting up a website, requiring participating dealers to provide the rebates to eligible buyers, and reimbursing dealers for the rebates. The bill also clarifies that the "total purchase price" of a vehicle cannot be reduced by the amount of the rebate. To offset the cost of the rebates, the Maryland Energy Administration will transfer funds from the Strategic Energy Investment Fund to the Transportation Trust Fund for fiscal years 2026 and 2027.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (9)
David Fraser-Hidalgo (D)*,
Regina Boyce (D),
Linda Foley (D),
Jeff Long (D),
Sara Love (D),
Sheila Ruth (D),
Dana Stein (D),
Vaughn Stewart (D),
Jen Terrasa (D),
Last Action
Third Reading Passed (33-11) (on 04/08/2024)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0689?ys=2024RS |
| Floor Amendment 923925/1 (Senator Hershey) Rejected (13-26) | https://mgaleg.maryland.gov/2024RS/amds/bil_0009/hb0689_92392501.pdf |
| Favorable with Amendments 653825/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0009/hb0689_65382501.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0689_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0689t.pdf |
| Favorable with Amendments 903022/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0009/hb0689_90302201.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0689_ent.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0689f.pdf |
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